Major news coming your way. Coach and Stuart Weitzman struck a $574 million deal!
Coach, the American luxury handbag and accessories company already has a strong presence in the handbag market, but has a vision to bring their shoe collection up to the same magnitude.
On Tuesday Coach said it would buy Stuart Weitzman, the maker of midrange luxury shoes, for up to $574 million. Coach also said it would retain Mr. Weitzman, the company’s 72-year-old executive chairman and creative director.
image: Coach on Rodeo Drive in Beverly Hills, Calif. | AP Photo